Mendelson Consulting, Inc.
Technology News YOU CAN USE!
November 2015
NO HORSING AROUND WITH QUICKBOOKS

When you have a tamed horse, it is relatively easy to ride. It is very pleasant to be on a horse that is walking, not so comfortable to be on a horse when trotting, and a wonderful experience when the horse is galloping. It is pretty much the same in QuickBooks.

Many think that it is easy to use QuickBooks - the software maker certainly helps a lot with that assumption, promoting how you can take charge of your business and be up and running in minutes.


WATCHING IS NOT LEARNING

There is a distinct difference between watching someone do something and learning how to do it. The best way to learn is to do. Bar none.

That is why teaching and training is one thing, but having someone take the reins and drive results in the best learning experience.
 
(In this analogy, for consistency, I could have said "take the reins and ride" or "take the wheel and drive", but mixing equine and automobile terms adds a little levity to this precious topic!)

 
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Nov 26th
Nov 27th
Newsflash
Top 10 ProAdvisor

Mendelson Consulting is pleased to announce that the company's founder and principal, Mario Nowogrodzki, CPA.CITP, has been chosen among the Top 10 QuickBooks ProAdvisors of 2015. Nowogrodzki was also named Top Integrations ProAdvisor. READ MORE

 
LOCKING THE
BOOKS

Many times, clients call in for help with a mystery: someone or something changed the numbers from a prior period.

This 
mystery is not a mystery at all. Without exception, someone
(not something), with good intentions, modified the figures from a prior period. The only mystery is how to stop that from happening.

"Closing" the books or locking a prior period prevents access to transactions that should not be changed.

It keeps prior periods in balance and allows for accurate accounting going
forward.

To access this feature in QuickBooks, from the top menu simply click

EDIT > PREFERENCES > select the ACCOUNTING
tab on the left > click on the COMPANY PREFERENCES tab and click on the SET DATE/PASSWORD button under the Closing Date section of the window.

Select a date and password and 
you have successfully locked the books as of the date selected.
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Thursday, December 10, 2015 from 1:00 PM to 3:00 PM ET

Thursday, January 7, 2016 from 1:00 PM to 3:00 PM EST